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GE Capital Fleet Services Launches New Toll Management Program

Stocks in this article: GE

GE Capital Fleet Services today announced the launch of a new toll management program for fleet managers that increases their visibility of and control over toll expenses, while reducing administrative tasks and cost burdens. This new program is being unveiled as U.S. states and municipalities increasingly use toll collection as a source of revenue with the average toll violation increasing 20 percent from 2010 to 2011 to $60 per violation.

As part of the program, enrolled vehicles use electronic tolling lanes, a faster and typically cheaper alternative to cash lanes. On the back end, drivers no longer need to submit expense reports. Also, instead of fleet managers overseeing numerous toll accounts and working with multiple toll authorities to pay violations and reconcile errors, all accounts are consolidated into one and are managed by GE Capital Fleet Services.

Fleet managers receive one consolidated statement providing an increased ability to budget, forecast and analyze tolling behavior. They also have access to comprehensive online toll-usage reports and to GE Capital Fleet Services’ experts to help analyze the data and identify additional opportunities for cost savings.

“In addition to delivering hard cost savings and helping to eliminate toll violations, this program increases the productivity of fleet managers and drivers because they no longer have to spend time on administrative details such as submitting and processing expense reports or auditing toll charges,” said Brad Hoffelt, senior vice president & general manager of products and services at GE Capital Fleet Services. “As a leading fleet management company we’re continually identifying new ways to use technology to help customers maximize operational efficiency and manage their bottom line.”

About GE Capital, Fleet Services

GE Capital, Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. Visit the Web site at gefleet.com or follow the company’s eco news and updates via Twitter (@GEFleetSvcs)

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.



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